this is the scenario: mom & dad have been married for over 30 years, they have always filed jointly,but this year, dueto marital discord, mom filed MFS, forcing dad to file MFS. dad filed for an extension MFS.mom says she itemized(thankfully!)and that her return showed a net profit of about $4000 from her small business, dads income was over 50,000 and he is going to owe a ton of money. in this situation, i think he could dramatically reduce taxes by filing a joint return. is there any way this could be amended with a 1040x? or did she successfully screw him over? thanks for your help!
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra